$289,000
Payson, AZ 85541
MLS# 94095
876 sqft
1 / 27
Property Description
Multi Family Rental. Two exceptionally well maintained existing homes, one large .20 acre flat square lot, zoned R3-MH allowing THREE homes on this property, and there is definitely room for that! Current rent revenue is $2200 month. Lot is fully fenced and gated, landscaped with shade trees, and meadow view. A Cap Rate estimate of 9-10%, low maintenance costs, in a great neighborhood, close to downtown and Payson schools. This property at this price will not be on the market for long. The Main House is 1 bth/1 bdr approx. 640 sqft with approx. 225 sgft covered porches, two new mini splits, a newer(6 yrs)central heat propane furnace, and a wood burning air tight stove. It is a 284 sqft restored and updated 1957 insulated mobile home that has been incorporated into a stick built home with an eat-in modern kitchen, large living room, lots of light, large bedroom with built in wardrobe and drawers, inside washer/dryer, a full bath, a meadow view, and an attached screened in porch. The Guest House/Studio is stick built. Remodeled in 2023, with wood flooring, new kitchenette/ living room area, bedroom large enough for a Queen bed, and a 3/4 bath. This Tiny Home approx. 240 sqft has electric mini split heat and A/C, 19 gal HWH, lots of light with a bedroom window view of the meadow. Both homes ''live'' larger than their sqft. Must see this property to appreciate. Welcome to the neighborhood in the trees on this quiet back street in downtown Payson.
Details
Maps
Documents
Status Change Info
Sold Price/SqFt: 0
Status: Active
Contract Information
List Price/SqFt: 329.91
Foreclosure: No
Property Sub-Type: Other
List Price: $289,000
Current Price: $289,000
List Date: 2026-05-21
List Type: Exclusive ARS
Location, Tax & Legal
Lot #: 22
Zoning: R3-MH
Taxes: 841
Tax Year: 2025
Assessor's Book #: 302
Assessor's Map #: 41
Assessor's Parcel #: 005
Assessor's Parcl Ltr: C
APN #: 302-41-005C
HOA: No
Legal Description: LOT 22 BLOCK RANCH TRACT B RANCHO DEL TONTO AMD
Street #: 1306
Direction: N
Street Name: Woodland
Suffix: Drive
State: AZ
Zip Code: 85541
Area: Payson Northeast
Sub Code: Rancho Del Tonto
County: Gila
General Property Description
Acres: 0.2
Lot Dimensions: .2
# Parking Spaces: 4
# Units: 2
Apx SqFt: 876
Land Size: 0.2
Building Size: 876
Vacancy %: 0
Warranty Program: No
Year Built: 1988
Remarks & Misc
Directions: Payson Hwy 87 North to Airline, east to Woodland drive to property on right
Public Remarks: Multi Family Rental. Two exceptionally well maintained existing homes, one large .20 acre flat square lot, zoned R3-MH allowing THREE homes on this property, and there is definitely room for that! Current rent revenue is $2200 month. Lot is fully fenced and gated, landscaped with shade trees, and meadow view. A Cap Rate estimate of 9-10%, low maintenance costs, in a great neighborhood, close to downtown and Payson schools. This property at this price will not be on the market for long.
The Main House is 1 bth/1 bdr approx. 640 sqft with approx. 225 sgft covered porches, two new mini splits, a newer(6 yrs)central heat propane furnace, and a wood burning air tight stove. It is a 284 sqft restored and updated 1957 insulated mobile home that has been incorporated into a stick built home with an eat-in modern kitchen, large living room, lots of light, large bedroom with built in wardrobe and drawers, inside washer/dryer, a full bath, a meadow view, and an attached screened in porch.
The Guest House/Studio is stick built. Remodeled in 2023, with wood flooring, new kitchenette/ living room area, bedroom large enough for a Queen bed, and a 3/4 bath. This Tiny Home approx. 240 sqft has electric mini split heat and A/C, 19 gal HWH, lots of light with a bedroom window view of the meadow.
Both homes ''live'' larger than their sqft. Must see this property to appreciate. Welcome to the neighborhood in the trees on this quiet back street in downtown Payson.
To Show
Showing Service Name: Broker Bay
Income/Sales Info
Net Operating Income: 21,000 - 30,999
Cap Rate: 9 - 9.9%
Down Payment: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: Yes
Cash to Assume: 289000
Ttl Pmt after Assmpt: 0
Construction
Wood Frame: 1
Interior Features
Master Main Floor: 1
Refrigerator: 1
Range/Oven: 1
Laundry Area: 1
Smoke Detector: 1
Floor Covering
Carpeting: 1
Tile: 1
Wood: 1
Property Features
Chain Link: 1
Wood Fence: 1
Lot/Street Improvem.
Blacktop Street: 1
Type/Style
Single Level: 1
Garage/Carport
None: 1
Siding
Log: 1
Wood: 1
N/A - Other: Metal
Exterior Features
Covered Patio: 1
Covered Porch/Deck: 1
Screened Porch/Deck: 1
Landscaped: 1
View of Mountains: 1
Guest Quarters: 1
Roof
Asphalt/Comp Shingle: 1
Heating
Heat Pump: 1
Fireplace/Woodstove: 1
Electric: 1
Propane: 1
N/A - Other: 3 mini splits
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
Floor Type
Wood: 1
Slab: 1
Cooling
Electric Refrig.: 1
N/A - Other: 3 mini splits
Fireplace/Woodstove
Woodstove: 1
Utilties Available
Electricity: 1
Propane Piped: 1
Town of Payson Water: 1
Sewer Hooked In: 1
Telephone: 1
Cable TV/Satellite: 1
Internet Hook Up: 1
Trash: 1
Included In Rent
Water: 1
Sewer: 1
Trash: 1
Documents on Fle
Legal Description: 1
SPDS: 1
Plat Map: 1
Leases: 1
Security Deposits: 1
Leases
Weekly: 1
6 Month - 1 Year: 1
No Pets: 1
Management
Owner/Family: 1
Existing Finance Fee
Free & Clear: 1
Property Features
Construction: Wood Frame
Siding: Log; Wood
Roof: Asphalt/Comp Shingle
Property Features: Chain Link; Wood Fence
Exterior Features: Covered Patio; Covered Porch/Deck; Screened Porch/Deck; Landscaped; View of Mountains; Guest Quarters
Interior Features: Master Main Floor; Refrigerator; Range/Oven; Laundry Area; Smoke Detector
Floor Type: Wood; Slab
Floor Covering: Carpeting; Tile; Wood
Cooling: Electric Refrig.
Heating: Heat Pump; Fireplace/Woodstove; Electric; Propane
Utilties Available: Electricity; Propane Piped; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash
Possession: At Close of Escrow
Included In Rent: Water; Sewer; Trash
Documents on Fle: Legal Description; SPDS; Plat Map; Leases; Security Deposits
Leases: Weekly; 6 Month - 1 Year; No Pets
Existing Finance Fee: Free & Clear
Management: Owner/Family
SPDS 
IDX
Listing Office: ERA YOUNG REALTY-PAYSON
Last Updated: May - 27 - 2026
All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.